#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The crypto market has seen some volatility recently, with 10x Research founder Markus Thielen predicting that the Bitcoin rally may weaken ahead of the January 29th FOMC meeting. He believes the crypto market will see a positive start in early January, followed by a slight pullback ahead of the January 15th Consumer Price Index inflation data release, and then rise again before Trump's inauguration. However, the market may pull back ahead of the FOMC meeting. This prediction suggests that despite the recent rise in Bitcoin prices, the market remains influenced by various factors, including inflation data, political events, and Federal Reserve monetary policy.
Ace Hot Topic Analysis
Analysis
Cryptocurrency analytics firm 10x Research founder Markus Thielen predicts that Bitcoin could see a positive start in early January, with a slight pullback before the release of the Consumer Price Index inflation data on January 15th, followed by another rise before Trump's inauguration. However, Thielen believes that the market could see a dip before the Federal Open Market Committee (FOMC) meeting on January 29th. He points out that the Trump-led Bitcoin rally could weaken before the FOMC meeting. This suggests that despite the recent rise in Bitcoin prices, there is still uncertainty about the future direction of the market, and the FOMC meeting could be a key factor influencing Bitcoin's price movement.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the January FOMC meeting
The Trump-led Bitcoin rebound may weaken
The crypto market may see a slight pullback ahead of the January 15 CPI inflation data release
The market may pull back ahead of the January 29 FOMC meeting